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ARTICLE · 27 JANUARY 2017

What's Next For FinTech?

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
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Mason Hayes & Curran LLP

Mason Hayes & Curran LLP

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FinTech can refer to both customer-facing financial products and the transformation of the technology which financial institutions and new market entrants use.

IrelandTechnology

FinTech can refer to both customer-facing financial products and the transformation of the technology which financial institutions and new market entrants use. An important goal of FinTech is innovation that makes financial transactions cheaper and more accessible - think of groundbreaking services such as Stripe, TransferWise or Kickstarter. Accenture reports that $5.3 billion was invested into FinTech in the first quarter of 2016. Such innovation and investment are also reflected in the development of new types of FinTech, including robo-advisors, coloured coins, smart contracts and regtech, which we are likely to see more of in 2017.

Wealth management and robo-advisors

A robo-advisor is a digital platform providing financial investment advice and taking automated investment actions based on the characteristics of the user, such as their age, risk requirements and financial needs. As robo-advisors use advanced algorithms and artificial intelligence to make

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